Sears expands contract with Amazon, brings services to over 100 stores
Category: #retail  By Pankaj Singh  Date: 2018-06-15
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Sears expands contract with Amazon, brings services to over 100 stores

Sears Holdings, the American retail giant, recently announced that it will be expanding its partnership with online retail platform Amazon, across the United States.

The department store chain that has been struggling for the last few years, has been selling real estate all over the country to make the business more profitable. The move to partner with Amazon to install car tires, might be yet another attempt to get back to profitability, claim experts.

For the record, Sears has been using its Auto Centers to help customers collect their tires, including Sears’ own brand Diehard, which they can get to be shipped to these outlets. Customers could also opt to get their tires installed on vehicles for a nominal fee. Initially this service was available in 47 Sears Auto Centers. The recent announcement mentioned that now 71 Auto Centers will be providing this service, bringing the total to 118 Auto centers to be included in the program.

Post the announcement, Sears’ shares spiked by 12% in the premarket trading. The stock prices of the company were up by 7% in the late morning.

Mike McCarthy, VP and general manager of Sears Automotive has been quoted by reliable sources to say that Sears has received very positive reviews through customers on Amazon and that the company is two months ahead of its schedule. He added that customers have been impressed by the extra services that were included during the Sears tire installation such as oil change.

The retail store chain, with a glorious 123-year-old legacy, has been struggling to stay afloat in the retail market since a while now. Reports cite that the company seems to have found ways to refinance its debts, especially with the closing down of hundreds of locations.

Sears CEO, Eddie Lampert, has played an essential role in the company’s survival with his hedge fund ESL Investments. Sears is anticipated to close down a dozen more stores in the near future and sell some of its assets including the Kenmore brand, to ESL.



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Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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